John Boatright Faces Newbridge Investor Dispute

Newbridge Securities Broker John Boatright Targeted In Disputes About Churning, Misrepresentation

FINRA BrokerCheck shows that securities broker John Richard Boatright (CRD#: 2545676, Duluth, Georgia) is involved in investor disputes. It appears that this securities broker worked for firms including JP Turner and Company (2015), Summit Brokerage Services (2015 to 2016), and Newbridge Securities Corporation (2016 to 2019). Notably, investors allege that Boatright committed sales practice violations which resulted in losses. Let’s take a brief look at these disclosures.

Newbridge Securities Corporation Client Alleges Breach Of Fiduciary Duty In Dispute About John Boatright

Evidently, a client of Newbridge Securities Corporation took aim at John Boatright’s stock trading. The April 2021 FINRA Arbitration Claim alleges negligence. It is possible that Newbridge Securities Corporation and the broker breached a fiduciary duty too. For this reason, the client demanded $300,000 in compensation to resolve this matter.

Boatright Supposedly Makes Unsuitable Recommendations To Summit Brokerage Services Client

The BrokerCheck report for John Boatright also shows that a client of Summit Brokerage Services disputed his investment recommendations in a May 2018 dispute. The complaint specifically concerns allegations of unsuitable recommendations. Generally, suitability concerns things like a client’s risk tolerance, investment goals, and other important information. Apparently, the client demands $46,000 to resolve this matter. This matter is currently ongoing.

Client Of JP Turner Alleges Churning In Dispute About John Boatright

In August 2021, a client of JP Turner brought a dispute in which sales practice violations were alleged. Specifically, the client first alleged that John Boatright churned their account. Secondly, the securities broker supposedly caused the client to have high turnover and maintenance costs. The client received $50,000 from the securities firm to resolve the matter.

Misrepresentation, Breach Of Fiduciary Duty Alleged By JP Turner Investor

Moreover, a client of JP Turner Company disputed John Boatright’s sales practices involving options and stocks. Supposedly, Boatright misrepresented something in regard to the client’s stock and options transactions. Churning and negligence are also alleged in this dispute. Moreover, the client contended that there was a breach of fiduciary duty relating to stock and options trading. It appears that JP Turner opted to settle this matter through making a $42,500.00 payment to the client.

Losses From Investing Through Securities Broker John Boatright?

Apparently, John Boatright denies allegations of his sales practice violations. Have you incurred losses by investing with him? If so, touch base with Soreide Law Group at (888) 760-6552 and speak with a knowledgeable securities lawyer about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. We have recovered millions for clients who have experienced losses because of their securities brokers and financial advisors.
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